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Financial and Managerial Accounting Study Set 11
Quiz 27: Lean Manufacturing and Activity Analysis
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Question 101
Short Answer
Match each of the following quality control activities with the appropriate classification (a or b). -Processing returned materials A)Value-added B)Non-value-added
Question 102
Short Answer
Match each of the following quality control activities with the appropriate classification (a or b). -Maintaining equipment A)Value-added B)Non-value-added
Question 103
Short Answer
Match each of the following quality control activities with the appropriate classification (a or b). -Disposing of scrap material A)Value-added B)Non-value-added
Question 104
Short Answer
Match each of the following quality control activities with the appropriate classification (a or b). -Design engineering A)Value-added B)Non-value-added
Question 105
Short Answer
Match each of the following activities with the appropriate quality cost classification (a-d). -Recalling defective products A)Prevention cost B)Appraisal cost C)Internal failure cost D)External failure cost
Question 106
Short Answer
Match each of the following quality control activities with the appropriate classification (a or b). -Inspecting materials A)Value-added B)Non-value-added
Question 107
Multiple Choice
Schedule of Activity Costs
​ -A customer service department has the following resolution response time data: Average Response Time First contact 0.25 hr.Service scheduling 0.50 hr.Wait for service 24.00 hrs.Service 1.50 hrs.Total resolution time 26.25 hrs.What is the value-added ratio (rounded to one decimal place) in this process?
Question 108
Short Answer
Match each of the following activities with the appropriate quality cost classification (a-d). -Performing warranty work A)Prevention cost B)Appraisal cost C)Internal failure cost D)External failure cost
Question 109
Short Answer
Match each of the following activities with the appropriate quality cost classification (a-d). -Processing returned merchandise A)Prevention cost B)Appraisal cost C)Internal failure cost D)External failure cost
Question 110
Essay
Christmas Express makes wreaths in batch sizes of 12. The cutting and assembly process takes 8 minutes per wreath, and the decorating process time is 10 minutes per wreath. It takes 12 minutes to move the wreaths from the cutting and assembly process to the decorating process.​ a. Compute the value-added, non-value-added, and total lead times of the wreath process. b. Compute the value-added ratio. Round to one decimal place.
Question 111
Short Answer
Match each of the following activities with the appropriate quality cost classification (a-d). -Testing products A)Prevention cost B)Appraisal cost C)Internal failure cost D)External failure cost
Question 112
Short Answer
Match each of the following quality control activities with the appropriate classification (a or b). -Inspecting finished goods A)Value-added B)Non-value-added
Question 113
Short Answer
Match each of the following activities with the appropriate quality cost classification (a-d). -Controlling vendor quality A)Prevention cost B)Appraisal cost C)Internal failure cost D)External failure cost
Question 114
Short Answer
Match each of the following activities with the appropriate quality cost classification (a-d). -Maintaining equipment A)Prevention cost B)Appraisal cost C)Internal failure cost D)External failure cost